Genesis no longer seeks restructuring, instead looking to liquidate assets
The US government has stated that the latest bankruptcy plan submitted by encrypted lending company Genesis represents a significant change in plans. The company is now seeking to liquidate assets instead of restructuring.This change occurred after the New York Attorney General sued Genesis and its parent company Digital Currency Group (DCG), which could lead to delays in the liquidation process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Trending news
MoreCrypto prices
More
